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What is USDC vs USDC.e on Avalanche?

USDC.e represents wrapped USDC tokens on the Avalanche blockchain. This is similar to how on the Ethereum network, wrapped Ethereum is WETH instead of ETH.

USDC is the native USDC Coin that is deployed by the Circle team (creators of USDC) on the Avalanche blockchain. These are directly redeemable for US Dollars via Circle's exchange or other platforms like Coinbase.


How do I swap USDC.e for USDC?

If you are looking to swap your USDC.e for USDC, we recommend you use Avalanche's largest stable swap - Platypus Finance. They offer the lowest fee swaps with the lowest liquidity compared to any DEX on the Avalanche blockchain.

You can follow the guide below to get started:

  1. Visit Platypus Finance
  2. Select 'Swap'
  3. Select USDC.e as the token you have, and USDC as the token you want
  4. Input the amount of USDC.e you want to swap for USDC
  5. Execute your transaction and you will receive USDC instantly
Swap USDC.e for USDC


Can I redeem USD from Circle with USDC.e?

No, you cannot redeem USD directly from Circle or other platforms like Coinbase with USDC.e tokens. This is because they are the Avalanche wrapped tokens and do not represent native USDC.

You will need to use a DEX like Platypus Finance, Trader Joe or Pangolin to swap USDC.e.


USDC to USDC.e Conversion Rate

The chart below is the live price of USDC/USDC.e which will give you an indication of the current conversion rates.

Swap USDC to USDC.e
Posted 
Mar 31, 2022
 in 
DeFi
 category

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